ICYMI, support for staking on the Arbitrum chain is now available to ApeXers — and to celebrate, we're dropping a bag of 1,000 USDC rewards for selected ApeXers who have chosen to stake via this new c
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ICYMI, support for staking on the Arbitrum chain is now available to ApeXers — and to celebrate, we're dropping a bag of 1,000 USDC rewards for selected ApeXers who have chosen to stake via this new chain alternative.
From March 8, 2023, 12AM (midnight) UTC to March 18, 2023, 11:59PM UTC, 10 lucky staking participants will get to share in the USDC prize pool.
All you need is to collect Staking Snapshot Points. The more points you accumulate and the higher you rank on the leaderboard, the bigger your chances of winning. Here's how:
During the event, three (3) staking snapshots will be taken daily at random times. The snapshots per day will capture the total amount of $APEX you have staked on ApeX Pro via Arbitrum, and we'll take an average of a staker's staked amount based on these three (3) snapshots. The points you'll receive per day are equivalent to the average amount of $APEX you have staked as a result of the snapshot.
For example, let's say the snapshot occurs at 10am, 4pm and 8pm on the first day of the event. Alice has 1,000 $APEX staked via Arbitrum when the first and second snapshots occur, and unstakes 600 $APEX at 7pm before the 8pm snapshot occurs.
Day 1: Alice's average $APEX staked = (1,000 + 1,000 + 400) / 3 = 800 $APEX = 800 points
Points are calculated anew across each day and will be added up across each day for the final ranking. The higher your ranking, the closer you are to rewards!
The top seven (7) participants on the leaderboard based on the amount of points they have will take home a cut of the 1,000 USDC bag of rewards.
In addition, to ensure everyone gets a fair chance at reaching for rewards, we'll also randomly select three (3) participants who have staked any $APEX on ApeX Pro via Arbitrum to share in the prize pool.
The rewards will be split and distributed according to the following tiers:
